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Oromia Bank Posts Strong Profits, Accelerates Fintech Expansion


Oromia Bank Posts Strong Profits, Accelerates Fintech Expansion

Oromia Bank concluded the 2024/25 fiscal year with a positive performance. Profit before tax surpassed 12 billion Br, exceeding the target by 105 pc, while tax contributions rose to approximately 2.6 billion Br, up 155 pc from the previous year, reflecting disciplined financial management. For the first time, the bank successfully rebalanced its revenue and expense structure, allowing profits to grow significantly faster than costs. Customer engagement also reached new heights. The bank's customer base expanded to over 6.9 million, while more than 4.5 million users were active on the Oro Digital App as of June 30, 2025. Oromia Bank strengthened its digital offerings through collaborations with fintech partners, launching the Milkii App and the Milkii Digital Financing Platform, which now support over 80,000 borrowers. These initiatives have not only broadened financial inclusion but also boosted revenue through innovative digital solutions.

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Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


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Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

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Development Bank Turns Corner as Profit Hits Eight Billion Br

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